The Importance of Excel for Your Business
Microsoft Excel has long been used by many businesses to make their business operations more efficient. If you aren’t using Excel today, then you should know the reasons why you should. You can do a lot of things in Excel. If you need to calculate formulas, organize data, create graphs, etc. , the Excel can do this for you and a lot more. You can easily learn Excel since there are courses you and your employees can take online or otherwise.
Here are some of the reasons why you should train your employees to use Excel.
It is important to be efficient in business and this can be done when data is organized. Excel is the best way to organize data. There are many different options of organizing data including the use of tables or graphs. You can add to your spreadsheets over time and it allows access for other employees to do so as well. Business administrators can see the progress through their access of the spreadsheets as well.
Excel can also be used by companies with physical products to track inventory. Excel allows you to add descriptions and costs in your inventory sheet. It will help you to determine how items are sold and how many are left. You will be able to know if you need to restock. Backorder situations will no longer be experienced and your business will not lose money on lost inventory.
Employees can also find their work schedule with an Excel calendar. This will show your employees when they have to come to work. Excel has advanced features that will allow them to swap time with other employees. These updates will be seen on your end as well.
Weekly and monthly goals can be kept track of on a spreadsheet. In Excel you can add details to your goals like when it should be completed or met. Once completed, you can also mark it off on your spreadsheet. As an admin, you will know which employees are hitting their goals and who is not.
Spreadsheets can be used for logging time. Date, time in, time out, lunchtime, and other times can be logged in your spreadsheet. Employees can log their time while you can check them easily. Excel can calculate the total hours worked by each employee. AT the end of the day, Excel can give you the total hours of all employees and how much you need to pay them.
You can use excel for CRM. Excel is customizable so you can include any information about your customers. You can make changes in your data is the future easily.
If you want to make sense of your data, you can easily analyze it in Excel. Data is easily sorted and retrieved. You can customize your calculator if they need to be done repeatedly. Then you will simply punch the numbers and Excel can give the answers without using a calculator for it. Data analysis will come easy with charts and graphs.